Magic's next act: business empire set for major expansion. (Earvin Johnson to expand businesses)

Los Angeles Business Journal | April 6, 1998| | Copyright

Since retiring from pro basketball for good in 1996, Earvin "Magic" Johnson has gained national acclaim for his successful chain of inner-city cinemas and shopping centers.

But like an NBA team preparing for the playoffs, Johnson is about to take his game - that is, his business career - to a new level of intensity.

Johnson, who oversees about half a dozen companies from his offices in Beverly Hills, is launching major new ventures in development, sports and entertainment. including:

Shopping centers. With a $50 million commitment from the California ...

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